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The Trump administration is cracking down hard on the sale of flavored e-cigarettes. Health concerns and teen addiction have given regulators pause. That could be bad news for Altria, the US owner of the Marlboro brand and a top investor in vaping giant Juul Labs.

Shares of Altria (MO) fell slightly Thursday. So did the stock of Philip Morris (PM), the tobacco company that owns the rights to sell Marlboro and other cigarette brands overseas.
Altria disclosed last month that it was in talks to reunite with Philip Morris. The two companies split apart in 2007.